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Housing Profile
Sarasota County, Florida
  • Population, 2015: 392088. Sarasota County ranks # 14 of Florida's 67 counties in population.
  • Households, 2015: 181668
  • Homeownership Rate, 2015: 75.4%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Sarasota County is projected to have a population of 478096, ranking it # 18 of Florida's 67 counties.

Projected Total Population, Sarasota County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Sarasota County 379448 392088 415902 436600 453904 466999 478096
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $265894. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $73843.
  • Condominium, average just value, 2016: $276417.

Home Sales Prices

  • The average sales price for a single family home was $339904 in 2016. The median sales price that year was $244900, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Sarasota County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Sarasota County Condominiums 114400 105500 115000 120700 129600 136000 151900 167500 190000 230000 259000 279450 212500 169000 163500 156000 160000 165000 185150 199450 204750
Sarasota County Single Family Homes 97800 104900 112000 120900 132500 143500 155000 170000 199900 254900 269900 243000 229000 190000 195000 190000 190050 217000 235600 252600 244900
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Sarasota County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Sarasota County 1008 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Sarasota County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $711 for a studio apartment, $751 for a one-bedroom, $974 for a two-bedroom, $1332 for a three-bedroom, and $1656 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Sarasota County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Sarasota County 255 495 1234 6514 12736 15192 6670 2696 45792
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 56 licensed manufactured housing parks in Sarasota with 8055 lots in 2012.
  • There are 1086 licensed condominium developments in Sarasota with 54950 units in 2012. Of these, 94 properties with 4857 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Sarasota County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Sarasota County Sarasota One to four-family (other than manufactured housing) 18869 11548 6350 4133 3740 3554 3568 7004 8428 9837
Sarasota County Sarasota Manufactured housing 181 121 76 34 25 18 21 54 79 30
Sarasota County Sarasota Multifamily 18 10 7 3 3 0 3 8 10 8
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Sarasota-Bradenton MSA had a foreclosure rate for 1-4 unit homes of 8.57% and a serious delinquency (90+ day) rate of 2.97% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 76613 Sarasota County households (42%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 39458 households in Sarasota County (22%) pay more than 50% of income for housing.

Households by Cost Burden, Sarasota County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 105055 37155 39458
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Sarasota County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 84320 26805 25798
Renter 20735 10350 13660
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Sarasota County and the surrounding metro area, the HUD-estimated median income for a family of four is $61900 in 2016.

Households by Income and Cost Burden, Sarasota County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 1264 1356 15434
30.01-50% AMI 4465 5921 10806
50.01-80% AMI 13836 11030 8560
80.01+% AMI 85490 18848 4658
Total 105055 37155 39458
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 83033 households in Sarasota County (45.7%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 71200 of elderly households in Sarasota (85.7%) own their homes.
  • 27818 elderly households (34%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Sarasota County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 55215 13739 14079
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Sarasota County was 2083 square feet.

Year Structure Built, Sarasota County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Sarasota County 47417 35227 48761 52195 22820 16954 2994 2955 229323 20.7 15.4 21.3 22.8 10.0 10.0
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Sarasota County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Sarasota County 2033 1.2 1644 1.0 3849 1.7 579 0.3
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File